GMS Inc (NYSE:GMS) insider G Michael Callahan, Jr. sold 33,333 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $33.65, for a total transaction of $1,121,655.45. Following the completion of the sale, the insider now owns 428,419 shares in the company, valued at approximately $14,416,299.35. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of GMS Inc (NYSE GMS) opened at $33.91 on Wednesday. The firm has a market cap of $1,372.89, a PE ratio of 21.19, a P/E/G ratio of 2.39 and a beta of 1.70. GMS Inc has a 12 month low of $27.20 and a 12 month high of $39.98. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.80 and a current ratio of 2.91.
GMS (NYSE:GMS) last released its quarterly earnings data on Tuesday, March 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.22). The business had revenue of $585.60 million for the quarter, compared to analyst estimates of $602.08 million. GMS had a return on equity of 12.75% and a net margin of 2.70%. GMS’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS. analysts expect that GMS Inc will post 2 EPS for the current year.
A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada restated a “buy” rating and issued a $46.00 target price on shares of GMS in a research note on Friday, December 8th. Barclays set a $46.00 target price on shares of GMS and gave the company a “buy” rating in a research note on Sunday, January 7th. ValuEngine lowered shares of GMS from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Northcoast Research set a $41.00 price objective on shares of GMS and gave the stock a “buy” rating in a research note on Wednesday, March 7th. Finally, Zacks Investment Research lowered shares of GMS from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. GMS has a consensus rating of “Buy” and a consensus target price of $39.09.
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GMS Company Profile
GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.
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